Thursday, July 13, 2023

Ford and the United Auto Workers (UAW) union have been engaged in a bit of a public war

the UAW released a scathing video aimed at what it calls “bloated” CEO pay amid soaring profits. 

Ford CEO followed up that release with an op-ed discussing several wage-related issues,

 which the UAW then responded to with its own take on that matter while also providing its top three goals – stronger job security, the end of tiered pay systems, and the return of a cost of living adjustment that was eliminated years ago.

 However Ford is firing back by claiming that it has a one billion dollar labor cost disadvantage in the U.S. compared to its rivals

Ford reportedly manufactures 80 percent of its vehicles in the U.S., and it also employs the most UAW workers of any automaker – 57,000 – which is around 11,000 more than General Motors and 16,500 more than Stellantis. The Blue Oval has also added or retained 14,000 UAW jobs since 2019, which is 5,600 more than it committed to in its most recent contract with the union.

That involves spending $1.4 billion more than expected from its current contract, as well as converting 14,100 temporary workers to permanent status.

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